PGI Energy, a Houston, Texas-based energy holding company engaged in acquiring of assets of established oil and gas producing companies and those in the pipeline and oil refinery sectors, declared that it has signed a joint venture accord with Waste to Energy Solutions.
The partnership will trade, lease and run gasification equipment for the clearance of bio-waste flows and manufacture of heat and also syn gas or char gas or both.
Waste to Energy Solutions (WTE) has already managed and entered into contracts with casinos, hospitals and raceways to install the heating equipment at their premises to bring down the money spent on heating thus cutting down the yearly power costs by 20%. WTE also has entered into long term feedstock accords for use in the units and with commercial retail buying businesses for the char. The partnership is aiming at commercial users to lease the units from them.
Pythagoras Group, the investment banker of PGI Energy, will arrange for the finance required for installing the heating units at the premises of the leasee. The first batch of units deploying the patented technology will roll out shortly. The new technology is anticipated to cut down the carbon footprint over the globe.
Source: http://www.pgienergy.us/